After a decline in the previous quarter, the economy rebounded on the back of spending on travel and recreation
Increased spending on travel and leisure driven by eased Covid restrictions has helped helped New Zealand dodge recession, with its economy growing 1.7% in the quarter that ended in June.
That growth reverses a 0.2% drop in GDP the previous quarter, and means the country escapes a “technical recession”, defined as two consecutive quarterly drops in GDP.
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